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The general meeting of shareholders will be held using the electronic voting service "Electronic Voting - eVOTE" (http://evote.uz/), designed for remote meetings via the Internet online.

On May 24-26 this year in Budapest (Hungary), the ESG summit of the OTP group was held. It was attended by banks belonging to the OTP group, the Hungarian regulator and the responsible officer of the bank Abdusalomov Bakhtiyor from Ipoteka Bank, among other invited organizations.

JSCMB "Ipoteka-bank", located at the address: Tashkent, st. Shakhrisabz, building 30, announces an extraordinary general meeting of shareholders of the bank on May 26, 2023 at 1100 hours remotely using the electronic voting service.

JSCMB "Ipoteka-bank", located at the address: Tashkent, st. Shakhrisabz, building 30, announces an extraordinary general meeting of shareholders of the bank on April 28, 2023 at 1100 hours remotely using the electronic voting service.

On the 24th of January 2023, Moody’s international rating agency took rating actions on Uzbek banks. Particularly, according to the report Ipoteka-bank’s long-term foreign and local-currency deposit ratings were uplifted to “Ba3”, with a “Stable” outlook.

On the 15th of December 2022 Moody’s international rating agency announced Ipoteka-bank’s long-term foreign and local-currency deposit ratings. According to the report, Ipoteka-bank’s rating was maintained at “B1/B1”, with a “Positive” outlook.

After the memorandum of agreement signed in September last year, the purchase and sale contract on the privatisation of Ipoteka Bank was signed on behalf of OTP Bank by Chairman & CEO Sándor Csányi and Deputy CEO László Wolf and by Finance Minister Timur Ishmetov on behalf of the Ministry of Finance of the Republic of Uzbekistan and Deputy Prime Minister and Minister of Investments and Foreign Trade Jamshid Khodjaev on behalf of the Republic of Uzbekistan in Tashkent.

According to the analysts of the international rating agency "Fitch Ratings", "Ipoteka-bank" has a strong franchise for mortgage loans and has historically paid special attention to this segment. The bank's net interest margin improved and cost-to-income ratio (CIR) decreased to 34% last year due to effectively controlled operating expenses. In 2021, the profitability of the bank's capital was 20%, and according to the rating of "Fitch Ratings", it is considered profitable comparing with many other banks in Uzbekistan.

The formation of a risk culture among bank employees is important in building an effective risk management system in the bank, providing a comprehensive understanding of the principles of risk management.

Discussions about various risks associated with environmental, social and governance aspects (ESG) are gaining importance and intensification due to COVID-19. Companies are facing changing behaviors and habits that are changing business practices. More importantly, banks are coping with the unfolding asset value crisis and the associated credit risks, both in terms of lending and asset management.